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Magma HDI Car Insurance
Magma HDI General Insurance Company Limited, incorporated in 2009, is a joint venture known for offering straightforward and customer-friendly car insurance plans. The company provides both third-party and comprehensive car insurance, covering damages caused by accidents, fire, theft, natural disasters, and more.
With a wide network of cashless garages and useful add-ons like Zero Depreciation, Engine Protect, and other repair-friendly covers, Magma HDI aims to make car insurance simple, affordable, and supportive during claims. It is a reliable choice for car owners looking for easy processes and solid protection.
Key Features of Magma HDI Car Insurance
Here are the key features of the Magma HDI Car Insurance Policy:| Feature | Details |
|---|---|
| Policy Type | Offers Third-Party, Standalone Own-Damage, and Comprehensive car insurance plans. |
| Cashless Network Garages | Provides access to 4,000+ cashless garages across India. |
| Claim Settlement | Streamlined and hassle-free claim process with online support. |
| Add-on Covers | Includes Zero Depreciation, Engine Protect, Return to Invoice, Roadside Assistance, and more. |
| No Claim Bonus (NCB) | Offers NCB benefits up to 50% for claim-free years. |
| 24×7 Roadside Assistance | Provides round-the-clock assistance for breakdowns, towing, flat tyres, and emergencies. |
| Coverage for Damages | Covers own-damage, third-party liabilities, theft, fire, natural, and man-made calamities. |
| Personal Accident Cover | Includes PA cover for the owner-driver up to Rs. 15 lakh (as per policy terms). |
| Customer Support | Offers 24/7 customer support for claims, renewals, and policy queries. |
Motor Insurance Plans By Magma HDI
Benefits of Magma HDI Car Insurance
Choosing Magma HDI is not just about buying a policy. But it is about feeling supported every time you drive. Here is how their car insurance actually makes a difference in your daily life:
- 01
Coverage that feels complete
Whether it is a small dent or a major mishap, Magma HDI ensures your car is protected from most unexpected situations, including accidents, fire, theft, natural calamities, and more.
- 02
Repairs without the stress
With thousands of cashless garages across India, you do not have to worry about running around or arranging money first. Your repairs get handled smoothly.
- 03
Add-ons that genuinely help
Options like Zero Depreciation, Engine Protect, and Return to Invoice are not just fancy names but practical add-ons that save you from big repair bills when you need help the most.
- 04
Rewards for safe driving
If you are someone who drives responsibly, Magma HDI appreciates it. Their No Claim Bonus lets you enjoy lower premiums year after year.
- 05
Help that arrives when you need it
A sudden breakdown late at night or a flat tyre on an empty road can be scary. Their 24×7 roadside assistance means you're never left alone.
- 06
Quick and simple claims
No one enjoys filing claims, but Magma HDI tries to make it as quick and easy as possible with simple processes and supportive teams.
- 07
Support you can rely on
Whether it’s a policy query or a claim doubt, their customer support stays responsive and patient, making the whole experience smoother.
Inclusion and Exclusion of Magma HDI Car Insurance
What it Covers
Magma HDI car insurance provides wide protection against several risks. Here’s what it covers:
Accidental Damage
Covers damage to your car due to accidents, collisions, or external impact.
Third-Party Liabilities
Pays for injury, death, or property damage caused to a third party due to your vehicle.
Theft or Total Loss
Offers compensation if your car is stolen or damaged beyond repair.
Fire & Explosion
Covers damage caused by fire, explosion, or self-ignition.
Natural Calamities
Protects your car from floods, earthquakes, storms, cyclones, and other natural disasters.
Man-Made Disasters
Covers damage due to riots, strikes, vandalism, or malicious activities.
Transit Damage
Provides coverage if your car is damaged while being transported by road, rail, air, or water.
Personal Accident Cover
Offers financial protection to the owner-driver in case of accidental injury or death.
Optional Add-Ons
Allows you to upgrade coverage with Zero Depreciation, Engine Protect, Roadside Assistance, Return to Invoice, Key Replacement, and more.
What Does it not Cover
Magma HDI car insurance does not cover certain conditions. It’s important to be aware of these before filing a claim:
Driving Without a Valid Licence
No coverage if the person driving does not have a valid driving licence.
Driving Under the Influence
Claims are not accepted if the driver is under the influence of alcohol or drugs.
Mechanical or Electrical Breakdown
Regular mechanical faults, electrical failures, or internal breakdowns are not covered.
Regular Wear and Tear
Ageing, tyre wear, rusting, and normal depreciation of car parts are excluded.
Damage Outside Geographical Limits
No coverage if the vehicle is driven outside the areas specified in the policy.
Illegal Use of Vehicle
Claims are rejected if the vehicle is used for unlawful activities.
Commercial Use of Private Car
No claim is accepted if a private car is used as a taxi or for commercial purposes without proper permission.
Consequential Loss
Secondary damages caused after the initial accident (like driving the car after an oil leak) are not covered.
Available Add-ons in Magma HDI Car Insurance
Magma HDI offers helpful add-ons that strengthen your policy and reduce unexpected repair costs:Zero Depreciation Cover Lets you claim the full repair amount without depreciation cuts.Return to Invoice Cover Helps you get your car’s original invoice value in case of theft or total loss.Engine Protection Cover Covers engine and gearbox damage, especially useful during floods.Key Replacement Cove Pays for lost, stolen, or damaged keys.Tyre Protect Cover Covers tyre repair or replacement due to accidental damage.Consumables Cover Includes items like engine oil, nuts, bolts, and brake fluid used during repairs.Roadside Assistance Offers 24×7 help for breakdowns, towing, and emergencies.NCB Protect Keeps your No Claim Bonus intact even after a claim.Battery Secure Add-On Protects EV batteries from issues like short circuits or water damage.Car Spa Add-On Covers professional cleaning and detailing after repairs.
Documents Required for Buying Magma HDI Car Insurance
Here are the documents required for buying Magma HDI car insurance: Car Registration Certificate (RC) of the vehicleValid Identity Proof of the policyholder (e.g., Aadhaar, PAN, Passport)Address Proof (utility bill, Aadhaar, bank statement, etc.)Valid Driving Licence of the person who will drive the carVehicle Invoice for new cars to determine IDVFilled the application Form with vehicle and owner detailsPrevious Policy Document (if you are renewing or transferring the policy)
How to Buy a Magma HDI Car Insurance Policy?
From the Official Website of Magma HDI
Here are the steps to buy a Magma HDI car insurance policy:Step 1: Visit the Magma HDI official website and go to the “Private Car Insurance” section.Step 2: Enter your car number, or select the option for a brand-new car if it’s a recent purchase.Step 3: Provide basic vehicle details such as make, model, variant, fuel type, and year of registration.Step 4: Choose the type of insurance plan you need, including Third-Party, Standalone Own-Damage, or Comprehensive.Step 5: Select any add-ons you want, such as Zero Depreciation, Roadside Assistance, or Engine Protect.Step 6: Review the insurance quote, fill in the proposal form, and upload the required documents.Step 7: Make the payment online using UPI, net banking, debit card, or credit card.Step 8: Once the payment is done, your e-policy will be generated. You will receive it via email, and you can download or print it for future use.
From the Square Insurance Website
Here are the steps to buy a Magma HDI Car Insurance policy:Step 1: Visit the Square Insurance homepage and click on “Car Insurance.”Step 2: Enter your car’s registration number or choose “Got a New Car” if it’s a newly purchased vehicle.Step 3: Provide your car's details, including make, model, variant, fuel type, and registration date.Step 4: Fill out the required information in the registration form and click Next.Step 5: Browse the available Magma HDI car insurance plans on the screen and select the one that suits your budget and coverage needs.Step 6: If you want additional protection, select suitable add-ons from the “Add-on Cover” section.Step 7: Make the payment online using UPI, debit card, credit card, or net banking.Step 8: Once the payment is successful, your Magma HDI car insurance policy will be sent to your email.
FAQs
Magma HDI offers Third-Party Car Insurance, Standalone Own-Damage Insurance, and Comprehensive Car Insurance plans. You can choose one based on your coverage needs.
Yes, Magma HDI has a wide network of 4,000+ cashless garages across India where you can get your car repaired without paying upfront.
Popular add-ons include Zero Depreciation, Engine Protect, Return to Invoice, Roadside Assistance, Key Replacement, Consumables Cover, Tyre Protect, and NCB Protect.
You can easily purchase it through the Square Insurance website by entering your car details, comparing plans, selecting add-ons, and making the online payment.
Yes, Magma HDI offers NCB benefits for every claim-free year. With the NCB Protect add-on, you can even retain your bonus after making a claim.
You need your car’s RC, ID proof, address proof, driving licence, vehicle invoice (for new cars), and previous policy details (if renewing).